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Whosdaddy
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September 12, 2018, 12:58:11 PM
 #181

there are still many benefits to be gained if the government accepts bitcoin as payment money but the government just doesn't want local money to be replaced by bitcoin, because local money is a characteristic of the country
I got your point mate but I think if government will accept it so it is not only good for investors but it is good for all of us, at this point of life we all should move with advancement, technologies are for our goodness so all of us should try it and use it, as we can see how our economical life has changed because of crypto currency so all of us should invest it someday all government will know and accept the worth of crypto currency.
That is the idea and if we get to see this happen, we will get to see more adoption, more usage as a currency by most, more liquidity as time goes on and a more matured market. This also has been believed that its adoption most especially by third world countries will really bring about some level of economic growth to the country as the pressure on fiat won't really be that much.

However, this is something they would not want since they cannot be in control and for most corrupt countries; the government would rather want to stick with the control than want to improve their economy which was what has led them to where they are presently anyway.
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September 12, 2018, 02:14:29 PM
 #182

This is a very good news for all country. But some country doesn't accept it. Hope they got it recently.
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September 12, 2018, 02:25:00 PM
 #183

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I do agree on you, there are a lot of countries today that has a blooming economy due to legalization of cryptocurrency in their country and that is the reason why other governments should allow cryptocurrency in their area.
cryptocurrency really provide alot benefits for community it self and the government if they could legalize it.citizen poverty could be reduce , by joining in bounty campaign that no need any capital they could earn money.
Right.If given a chance,the number one problem in any country which is poverty will surely be reduced.Yes by simply joining such campaigns and strictly following the rules,you will really be rewarded and earn some profits at the end of a bounty campaigns.I just hope there will be more countries who will see the real benefits of bitcoin than just banning bitcoin at all.

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September 12, 2018, 02:25:44 PM
 #184

the important point is currently looking for free tokens from the results of the bounty campaign, if we look for free tokens in the bounty campaign we just wait for the coins to be marketed in the trading market, because if we invest in the trading market we will definitely lose, I prefer investing in bounty campaign to find lots of tokens.
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September 12, 2018, 02:32:54 PM
 #185

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

Very good point, many coutriesnindeed misses the best opportunity and profit bitcoin and cryptocurrenvies can give. How I wish that they will try to do research and see how they can profit from it.
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September 12, 2018, 04:34:57 PM
 #186

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

Neither of your points would work out in reality

Before all, how is the government going to pay off its debts with Bitcoin exactly? And while we are at it, the debt is not always something uncompromisingly bad (or just bad, for that matter). It can be used as a leverage, for example, in the "game of thrones" (so-called real politik). Further, the only way Bitcoin in particular and cryptocurrencies in general can improve economy is when they become more efficient and effective than fiat. This is simply not possible as long as fiat is not misused or downright abused. Or did you really think that you could make the whole economy feel better by speculation alone?

The same with the poverty level. You can't decrease poverty through shuffling money here and there. Poverty is decreased via real economic growth but with Bitcoin it is not possible for the reasons described above, because it is ineffective and inefficient as money in real economy (and it is not only about transactions as such)
rasp
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September 12, 2018, 06:04:26 PM
 #187

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.
Crypto is not that very factor that can decrease poverty level - it is the systematic actions of the government that should lead to the improvement of economic situation in a country.
The debt of the country also has nothing to do with cryptocurrencies - it generally arises due to different reasons, so different actions should be taken to cope with this problem.
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September 12, 2018, 07:00:52 PM
 #188

I would add some other topics also:
 - influence on the state currency
 - using of the bitcoin for criminal purposes in the country
Criminals had their way of performing transactions way before cryptos came into existence. Moreover, to cash out a huge amount, one would need to get verified by the cashing out portal (bank or something) and so they don't like these. Anyways the crypto community itself have so many bad internals scamming people each day.

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Gila uang
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September 12, 2018, 07:01:48 PM
 #189

important point at this time we can only raise capital as much as possible, if we can follow the project in the bounty campaign, I do not have important points or plans to trade.



I think, what bitcoin does to cou is to enable the government and the surrounding constitution that maybe it's time for change. This broadens the financial landscape not only in place but also empowers its consumers by giving them freedom and comfort in every transaction that is carried out to produce symbiosis with each other.
I want to ask questions about how bitcoin will pay off the country's debt because I am constantly running out of money.
Edraket31
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September 12, 2018, 07:29:14 PM
 #190

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.
Crypto is not that very factor that can decrease poverty level - it is the systematic actions of the government that should lead to the improvement of economic situation in a country.
The debt of the country also has nothing to do with cryptocurrencies - it generally arises due to different reasons, so different actions should be taken to cope with this problem.

It is really important to have a passion with everything that we are doing in our life, and if you really want to become successful in crypto we need to take risk, embrace it and love it as it really pays off at the right time, but time comes when our patience is tested just like today, so just be patient as everything will turns better after this.
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September 14, 2018, 10:06:37 AM
 #191

Especially for those who have the desire for financial freedom. More specifically it was used as a payment method. For example, it is possible to purchase online transactions with bitcoin, it is very convenient and fast.
deisik
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September 14, 2018, 11:44:35 AM
 #192

I would add some other topics also:
 - influence on the state currency
 - using of the bitcoin for criminal purposes in the country
Criminals had their way of performing transactions way before cryptos came into existence. Moreover, to cash out a huge amount, one would need to get verified by the cashing out portal (bank or something) and so they don't like these. Anyways the crypto community itself have so many bad internals scamming people each day.

You are talking about big guns here, the ones like Columbian drug lords, Italian mafia, Japanese gangsters, Russian oligarchs. These are not interested in crypto as it is too small for them and the scale of illegal businesses or activities they are involved in. Crypto is for small-fish criminals and more tech-savvy ones like hackers, blackmailers, Internet scammers (which you referred to), and their likes. But these are still criminals by any measure and would be prosecuted as such in any country

Unlike the big guns I mentioned (which are still not interested in crypto)
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September 14, 2018, 12:06:59 PM
 #193

I would add some other topics also:
 - influence on the state currency
 - using of the bitcoin for criminal purposes in the country
I do agree bitcoin could fight criminal purposes especially terrorism fun rising. Only idiot who use crypto for criminal cause there is blockchain technology that could catch them.

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September 14, 2018, 12:11:03 PM
 #194

I think you have a good point. Although it is not guaranteed to reduce poverty level as lazyness and intelligence also plays a huge role. And what exactly are governments going to pay with bitcoin or other coins? It may be able to increase the overall economy but it doesn't help the nation help pay debt.
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September 15, 2018, 09:45:16 AM
 #195

Yes, it's possible because bitcoin does have a positive impact on our economy, especially for the poor, but the bad impact is that money laundering is very easy, it will harm the country.



I think if bitcoin is received in every country it's a very good thing, and I believe that bitcoin, in particular, can reduce poverty when many people invest in bitcoin. But that can all happen if every country receives bitcoin.

Reduction of poverty will only be to some certain extent and that would totally depend on how people are ready to accept its usage or not. One fact is not everyone will but at least for those who will and ends up reaping a good benefit from the space, it would be an easy thing for them to grow economically, maybe over time create more jobs as the case may be, and would therefore be able to affect those who might not be a part of the community for reasons best known to them.
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September 15, 2018, 11:13:18 AM
 #196

I think, bitcoin has indeed helped the economy and finances of its users so that the economy has increased and financial problems can be overcome but the government must also have a reason why they forbid bitcoin because bitcoin can be used for crimes that will harm the country
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September 15, 2018, 11:47:09 AM
 #197

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

Government should have a process that everyone could access, aside for improving the economy of people we should first think the result of implementing  bitcoin as currency in the specific country.

Regarding to these list I think, government do not need to improve the economy first before implementing bitcoin  but rather bitcoin will help the economy improve by itself. Through this it decrease the poverty level to the said country.
ronics
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September 15, 2018, 02:43:16 PM
 #198

if bitcoin has been accepted in all countries it can really help the economy in all countries and then bitcoin can help anybody who does not move in the real world, i mean those who are unemployed. the huge bitcoin revenue would only let the government go ahead with the bitcoon being legalized as soon as possible so that unemployed people could join to recognize the world of crypto and everyone would have a good job.
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September 15, 2018, 07:22:18 PM
 #199

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.
Crypto is not that very factor that can decrease poverty level - it is the systematic actions of the government that should lead to the improvement of economic situation in a country.
The debt of the country also has nothing to do with cryptocurrencies - it generally arises due to different reasons, so different actions should be taken to cope with this problem.

I have seen this argument in the forum before, people think the cryptocurrencies are going to be a way to decrease the poverty level of people around the world, it seems that they think that bitcoin and cryptocurrencies in general are some form of magical money that are going to solve all the problems of poverty around the world, if we could not solve those issues when gold was the main currency it's going to be impossible to solve them now.
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September 15, 2018, 11:17:06 PM
 #200

government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.

I disagree. bitcoin is a currency, you can think of it as a tool too. and it is not a magic tool to make money for anyone who has ever gotten involved with it. so it can not decrease poverty, it can not improve economy of a country and can not do a lot of other things.

in fact bitcoin may have increase the poverty! there have been a lot of newbies who started investing in bitcoin in the past couple of months and many of them bought on highs and sold after a dip which led to losing a lot of money, then bitcoin went up they bought back too late and panic sold in the correction/dip and lost a lot more money.

this has nothing to do with banning or not banning bitcoin though!
In most cases, you are right that bitcoin will not help all the poor. But he will be able to earn even more hardworking miners in 5 years. For example, now he will not sell his coins, but will collect them. Their number will increase significantly.

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